define property in legal terms
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Property law Property is frequently defined as the rights of a person with respect to a thing. The difficulties with this definition have long plagued legal theorists. The same problem of definition occurs in non-Western societies as well. In Russia, for example, the word property (sobstvennost) can have various meanings.
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Legal Title Legal Title. Ownership of property that is cognizable or enforceable in a court of law, or one that is complete and perfect in terms of the apparent right of ownership and possession, but that, unlike equitable title, carries no beneficial interest in the property. See: droit, right, title.
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Possession (law) In law, possession is the control a person intentionally exercises toward a thing. In all cases, to possess something, a person must have an intention to possess it.A person may be in possession of some property (although possession does not always imply ownership).ossession is a factual state of exercising control over an object, whether owning the object or not. Only a legal (possessor has legal ground), bona fide (possessor does not know he has no right to possess) and regular possession (not acquired through force or by deceit) can become ownership over passage of time.
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- DEFINITION of 'Property Rights'. Laws created by governments in regards to how individuals can control, benefit from and transfer property. Economic theory contends that government enforcement of strong property rights is a determinant regarding the level of economic success seen in the area.aws created by governments in regards to how individuals can control, benefit from and transfer property. Economic theory contends that government enforcement of strong property rights is a determinant regarding the level of economic success seen in the area.
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- Private property is a legal designation for the ownership of property by non-governmental legal entities.[1] Private property is distinguishable from public property, which is owned by a state entity; and from collective (or cooperative) property, which is owned by a group of non-governmental entities.[2][3] Private property is further distinguished ...
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chattel (often pl) (property law) 1  chattel personal, an item of movable personal property, such as furniture, domestic animals, etc. 2  chattel real, an interest in land less than a freehold, such as a lease.
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possession Possession. The ownership, control, or occupancy of a thing, most frequently land or Personal Property, by a person. The U.S. Supreme Court has said that there is no word more ambiguous in its meaning than possession (National Safe Deposit Co. v. Stead, 232 U.S. 58, 34 S. Ct. 209, 58 L. Ed.
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Estate (law) Depending on the particular context, the term is also used in reference to an estate in land or of a particular kind of property (such as real estate or personal estate).
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What Are Property Deeds? A deed is a legal instrument that transfers some property right in real estate. Deeds in their most basic form contain: 1  A description of the real estate involved. 2  The names of the respective parties.
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Property Interest Law and Legal Definition Property Interest Law and Legal Definition. Property interest refers to the extent of a person's or entity's rights in property. It deals with the percentage of ownership, time period of ownership, right of survivorship, and rights to transfer or encumber property. Some of the types of ownership interests of real property include: Life Estate - A life estate is where a person owns all the benefits of ownership in the property during their life, or the life of another, with the property going to a remainder person after the death of the life tenant.
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personal property Definition of personal property. : property other than real property consisting of things temporary or movable : chattels. any personal property that is left in the lockers overnight will be impounded.
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What is Real Estate and Real Property Law? Definition of Real Estate and Real Property Law The legal definition of real estate or real property is land and the buildings on it. Real estate law governs who may own and use the land.
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Definition of âindustrial propertyâ - English Dictionary uk ​ us ​. › LAW a company's patents (= legal rights to their inventions) and trademarks (= legal rights to the names and symbols on their products): It is important that trade be conducted under conditions of respect for industrial property rights. › PROPERTY land and buildings used for industrial purposes:
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Property Ownership-Real Estate Real property. the land and anything permanently affixed to it; includes the interests, benefits, and rights inherent in the ownership of real estate. Personal property. movable objects (chattels) that do not fit into the definition of real property; conveyed by bill of sale. Fixture.
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Personal property Personal property is generally considered property that is movable, as opposed to real property or real estate. In common law systems, personal property may also be called chattels or personalty.n the common law it is possible to place a mortgage upon real property. Such mortgage requires payment or the owner of the mortgage can seek foreclosure. Personal property can often be secured with similar kind of device, variously called a chattel mortgage, trust receipt, or security interest.
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- DEFINITION of 'Real Property'. Any property that is attached directly to land, as well as the land itself. Real property not only includes buildings and other structures, but also rights and interests. Real property can be either rental or residential.
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Property law Property law is the area of law that governs the various forms of ownership and tenancy in real property (land as distinct from personal or movable possessions) and in personal property, within the common law legal system. In the civil law system, there is a division between movable and immovable property.
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Ownership Ownership of property may be private, collective, or common, and the property may be of objects, land/real estate or intellectual property.Determining ownership in law involves determining who has certain rights and duties over the property.wnership of property may be private, collective, or common, and the property may be of objects, land/real estate or intellectual property.
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Private property Private property is a legal designation of the ownership of property by non-governmental legal entities.Private property is distinguishable from public property, which is owned by a state entity; and collective property, which is owned by a group of non-governmental entities.Private property is further distinguished from personal property, which refers to property for personal use and consumption.rivate property is a legal designation of the ownership of property by non-governmental legal entities. Private property is distinguishable from public property, which is owned by a state entity; and collective property, which is owned by a group of non-governmental entities.
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Title (property) In property law, a title is a bundle of rights in a piece of property in which a party may own either a legal interest or equitable interest.The rights in the bundle may be separated and held by different parties. It may also refer to a formal document, such as a deed, that serves as evidence of ownership.n property law, a title is a bundle of rights in a piece of property in which a party may own either a legal interest or equitable interest.
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possession Possession. The ownership, control, or occupancy of a thing, most frequently land or Personal Property, by a person. The U.S. Supreme Court has said that there is no word more ambiguous in its meaning than possession (National Safe Deposit Co. v. Stead, 232 U.S. 58, 34 S. Ct. 209, 58 L. Ed. 504 [1914]).. Possession is civil, when a person ceases to reside in a house or on the land which he occupied, or to detain the movable which he possessed, but without intending to abandon the possession. It is the detention of a thing, by virtue of a just title, and under the conviction of possessing as owner.
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What is Real Estate and Real Property Law? Definition of Real Estate and Real Property Law. The legal definition of real estate or real property is land and the buildings on it. Real estate law governs who may own and use the land. This simple concept includes a wide range of different legal disciplines. First, real estate may be either residential or commercial.
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- A type of property which, in its most general definition, can include any asset other than real estate. The distinguishing factor between personal property and real estate is that personal property is movable. That is, the asset is not fixed permanently to one location as with real property such as land or buildings.
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real property noun, Law. 1. an estate or property consisting of lands and of all appurtenances to lands, as buildings, crops, or mineral rights (distinguished from personal property).
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What is PROPERTY RIGHTS? The rights given to the person or persons who have a right to own the property through purchase or bequest. These are basic rights in any society though absolute right for a property is rare in any society. Difference Between Joint Tenancy and Tenancy in Common. Three Challenges for Intellectual Property Law Today.
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tenant tenant. n. 1. (Law) a person who holds, occupies, or possesses land or property by any kind of right or title, esp from a landlord under a lease. 2. a person who has the use of a house, flat, etc, subject to the payment of rent. 3. any holder or occupant.